585 Phillips Rd
Falmouth, KY 41040
3 bd 3 ba 1,900 sqft Built 1974 Lot 2,112,660 sqft single_family
Most recent sale
$331,500
Jan 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 16, 2025 | Sold | $540,000 | NKentucky |
| May 2, 2025 | Listed | $550,000 | NKentucky |
| Jan 28, 2022 | Sold | $331,500 | MLS #554912 |
| Dec 16, 2021 | Price changed | $399,000 | MLS #554912 |
| Nov 18, 2021 | Listed | $425,000 | MLS #554912 |
| Aug 6, 2018 | Sold | $111,300 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $58,600 | $791 |
| 2020 | — | — | $58,600 | $800 |
| 2019 | — | — | $58,600 | $810 |
| 2018 | — | — | $58,950 | $293 |
| 2017 | — | — | $58,950 | $287 |
| 2016 | — | — | $58,950 | $290 |
| 2015 | — | — | $58,950 | $289 |
| 2014 | — | — | $58,050 | $279 |
| 2013 | — | — | $58,050 | $277 |
| 2012 | — | — | $58,050 | $298 |
| 2011 | $50,000 | $8,050 | $58,050 | $294 |
| 2010 | — | — | $59,800 | $304 |
| 2009 | — | — | $59,800 | $268 |
| 2006 | — | — | $49,600 | $191 |
Property facts
Year built
1974
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,900 sqft
Lot size
2,112,660 sqft
ZIP code
41040
City
Falmouth
Street
Phillips Rd
Coordinates
38.61391, -84.28874
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,850
Gross rental yield
10.32%
Implied cap rate
6.71%
Trend-extrapolated value
—
Frequently asked questions
When did 585 Phillips Rd last sell?
585 Phillips Rd most recently sold on Jan 28, 2022 for $331,500.
What is the current tax assessment for 585 Phillips Rd?
The most recent total assessment for 585 Phillips Rd (year 2021) is $58,600 with $791 in property tax.
How does 585 Phillips Rd's assessment compare to its last sale price?
The current assessment is 82.3% below the last sale price of $331,500.
When was 585 Phillips Rd built?
585 Phillips Rd was built in 1974.
How does 585 Phillips Rd compare to others on Phillips Rd?
We do not currently track other properties on Phillips Rd.
What are the property facts for 585 Phillips Rd?
585 Phillips Rd is a 3 bed, 3 bath, 1,900 sqft, 2,112,660 sqft lot single_family.
Is 585 Phillips Rd a flip candidate?
No — 585 Phillips Rd does not appear in our flips dataset.
Is 585 Phillips Rd a tax-appeal candidate?
No — 585 Phillips Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.9%
Implied 1-yr
-11.5%
2026 Q2
$123.2K
2026 Q3
$118.9K
ZIP 41040 — Median Price History + Forecast
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Geography